possibly i didn’t explain myself right. i have a young family and when i acquried this property it was my first and the best i could afford. while my family was young i thought i could sell, wait and then buy back in to the market in 6 to 18 months. my thinking was that this may enable me to buy in a better area and into a better house.…[Read more]

So let me get this straight…got a bit confused with all the figures…using another example
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Current prop value 400k @ 80% LVR = 320k
less current loan 150k = 170k
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So would this mean that there is now 170k available for investment purposes.
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If so would this be a suitable amount to be starting out with.

is partnerships and group investing a popular way of investing???? if s why

How did your ip hunting go. Let us know if you suceeded
Ben

So what your saying is you are looking for people interested in pooling their funds to buy such a property…why didn’t you just say that.
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My next question would be…how many people do you need

Be confident, make sure you are armed with all the available information to make an informed decision. Your offer will depend on whether you think the asking price is inflated or on the money. If you think it is inflated then $160k is probably a bit high for first offer. Where in Sydney west…I’m at Penrith and these prices sound like Mt…[Read more]

So have you invested your hard earned in this. You said that 300k wasn’t the figure…in fact they were much larger. How much larger…and if their larger then maybe only the rich can afford such deals.

Thanks alot for all the advice. Becoming an investor is not something I take lightly and I am working to make the most informed decision I can.
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I must say NZ is attractive as it is my place of birth, though i have lived here for 24 of my 29 years). I realise properties in that neck of the woods are much more affordable and there are more…[Read more]